BELL EQUIPMENT LIMITED - Trading Statement

Trading Statement

BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1968/013656/06
ISIN: ZAE000028304
Share Code: BEL
(“the Company”)

TRADING STATEMENT

In terms of the JSE Limited Listing Requirements (“Listings
Requirements”), companies are obliged to publish a trading
statement as soon as they are satisfied that a reasonable degree
of certainty exists that the financial results for the period to
be reported upon next will differ by at least 20% from the
financial results for the previous corresponding reporting period.

Bell Equipment herewith reports that it expects earnings per share
(“EPS”) and headline earnings per share (“HEPS”) for the half year
ended 30 June 2019 to be between 160 and 170 cents (or between 21%
and 30% higher), compared with EPS and HEPS of 132 cents and 131
cents respectively for the half year ended 30 June 2018.

The expected increase in earnings is mainly due to the following:
   - A modest increase in revenue in most markets.
   - Net foreign currency gains during the current period compared
     with foreign currency losses in the comparative period due to
     a sharp weakening of the Rand against the Euro and the USD in
     the month of June 2018 which had a negative impact on the
     revaluation of foreign currency payables.
   - Certain once-off recoveries during the current period.

The financial information on which this trading statement is based
has not been reviewed and reported on by the Company’s external
auditors.

The results for the half year ended 30 June 2019 are expected to
be announced on SENS on or about 9 September 2019.

Richards Bay
5 September 2019

Sponsor:
INVESTEC BANK LIMITED



Date: 05/09/2019 08:48:00
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